Darling Ingredients Inc. (NYSE:DAR) Short Interest Update

Darling Ingredients Inc. (NYSE:DAR) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 9,860,000 shares, a decline of 12.5% from the November 15th total of 11,270,000 shares. Currently, 6.3% of the company’s shares are sold short. Based on an average trading volume of 2,100,000 shares, the short-interest ratio is currently 4.7 days.

Institutional Investors Weigh In On Darling Ingredients

Several institutional investors and hedge funds have recently bought and sold shares of DAR. GAMMA Investing LLC grew its position in Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares during the last quarter. Signaturefd LLC grew its stake in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after purchasing an additional 288 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Darling Ingredients in the third quarter worth about $58,000. Finally, Farther Finance Advisors LLC grew its position in Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after buying an additional 758 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Down 1.2 %

Shares of DAR opened at $35.08 on Friday. Darling Ingredients has a 1-year low of $32.67 and a 1-year high of $51.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $38.88 and a 200-day simple moving average of $37.99. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 21.65 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The firm’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. Equities analysts forecast that Darling Ingredients will post 1.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler decreased their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, TD Cowen decreased their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus price target of $53.44.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.